About Maxwell
Maxwell is a company based in Denver (United States) founded in 2015 by John Paasonen, Lance Poole, Rutul Dave, and Mani Honigstein. It operates as a SaaS (Software-as-a-Service), Managed Services, and FinTech. Maxwell has raised $54.75 million across 6 funding rounds from investors including Assurant, Wells Fargo and The Mortgage Collaborative. The company has 279 employees as of December 31, 2022. Maxwell has completed 2 acquisitions, including LenderSelect Mortgage and Revvin. Maxwell offers products and services including Point of Sale, Business Intelligence, Fulfillment, Diligence, and Private Label Origination. Maxwell operates in a competitive market with competitors including Docutech, Lingua Custodia, Vaultedge, Paywallet and PactFi, among others.
- Headquarter Denver, United States
- Employees 279 as on 31 Dec, 2022
- Founders John Paasonen, Lance Poole, Rutul Dave, Mani Honigstein
- Stage Minicorn
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Maxwell Lender Solutions, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$54.75 M (USD)
in 6 rounds
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Latest Funding Round
$24 M (USD), Debt – Conventional
Oct 26, 2021
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Investors
Assurant
& 13 more
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Employee Count
279
as on Dec 31, 2022
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Investments & Acquisitions
LenderSelect Mortgage
& 1 more
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Products & Services of Maxwell
Maxwell offers a comprehensive portfolio of products and services, including Point of Sale, Business Intelligence, Fulfillment, Diligence, and Private Label Origination. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Customizable solution for mortgage application and borrower experience.
Data-driven insights for mortgage process optimization and decisions.
Customized operations for processing, underwriting, and closing loans.
Streamlined due diligence for investors and sellers' profitability.
End-to-end platform for outsourced mortgage origination services.
Unlock access to complete
Funding Insights of Maxwell
Maxwell has successfully raised a total of $54.75M across 6 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $24 million completed in October 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Debt – Conventional — $24.0M
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First Round
First Round
(14 Dec 2016)
- Investors Count 14
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2021 | Amount | Series B - Maxwell | Valuation | Wells Fargo , TTV Capital |
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| Oct, 2021 | Amount | Debt – Conventional - Maxwell | Valuation |
investors |
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| Mar, 2021 | Amount | Series B - Maxwell | Valuation | TTV Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Maxwell
Maxwell has secured backing from 14 investors, including institutional and venture fund investors. Prominent investors backing the company include Assurant, Wells Fargo and The Mortgage Collaborative. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investments are made by TTV Capital in early-stage fintech companies.
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Founded Year | Domain | Location | |
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Control investments in private equity are targeted by Rotor Capital.
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Founded Year | Domain | Location | |
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Early-stage venture investments are made by Prudence in technology sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Maxwell
Maxwell has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include LenderSelect Mortgage and Revvin. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of an online platform offering lending-as-a-service solutions
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2013 | ||||
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Provider of mortgage loan services
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2011 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Maxwell
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Maxwell Comparisons
Competitors of Maxwell
Maxwell operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Docutech, Lingua Custodia, Vaultedge, Paywallet and PactFi, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Document management solutions for lending operations are provided.
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| domain | founded_year | HQ Location |
Customizable machine translation software is provided for financial applications.
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| domain | founded_year | HQ Location |
AI-powered platform for document processing and data extraction is offered.
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| domain | founded_year | HQ Location |
Cloud-based platform for payroll-linked payment and identity solutions
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| domain | founded_year | HQ Location |
Loan transactions are automated and monitored for credit institutions.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Maxwell
Frequently Asked Questions about Maxwell
When was Maxwell founded?
Maxwell was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is Maxwell located?
Maxwell is headquartered in Denver, United States. It is registered at Denver, Colorado, United States.
Who is the current CEO of Maxwell?
John Paasonen is the current CEO of Maxwell. They have also founded this company.
Is Maxwell a funded company?
Maxwell is a funded company, having raised a total of $54.75M across 6 funding rounds to date. The company's 1st funding round was a Series B of $16.3M, raised on Dec 14, 2016.
How many employees does Maxwell have?
As of Dec 31, 2022, the latest employee count at Maxwell is 279.
What does Maxwell do?
Mortgage solutions are offered by Maxwell to transform the mortgage business for local lenders in the United States. A comprehensive suite of technology and services is provided, covering the entire mortgage origination process from application intake to fulfillment and due diligence. Solutions are tailored to specific needs, including point-of-sale systems, business intelligence, processing, underwriting, closing, and private label origination. The focus is placed on efficiency, borrower satisfaction, and cost reduction through innovative, customizable platforms and expert support. Operations are supported in various sectors of the mortgage industry, ensuring flexibility and scalability for lending institutions.
Who are the top competitors of Maxwell?
Maxwell's top competitors include Docutech, Vaultedge and Lingua Custodia.
What products or services does Maxwell offer?
Maxwell offers Point of Sale, Business Intelligence, Fulfillment, Diligence, and Private Label Origination.
How many acquisitions has Maxwell made?
Maxwell has made 2 acquisitions, including LenderSelect Mortgage, and Revvin.
Who are Maxwell's investors?
Maxwell has 14 investors. Key investors include Assurant, Wells Fargo, The Mortgage Collaborative, Techstars, and Anthemis Group.
What is Maxwell's valuation?
The valuation of Maxwell is $450M as of Oct 2021.
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